Brazilian steel and iron ore producer Companhia Siderúrgica Nacional (CSN) reported a net loss of $290 million for the full year 2025, compared with a higher loss of $296 million recorded in 2024, the company said in a press release today.
CSN said net sales rose 2.5 percent to 8.615 billion and gross profit increased. 6 percent to $2.383 billion. Adjusted EBITDA, excluding one-time items, increased 15.3 percent to $2.268 billion.
The company said higher interest rates led to an 11.7 percent increase in finance costs to $1.249 billion.
By volume, domestic sales of steel products fell 6 percent to 3.077 million metric tons (MT), and steel exports fell. 11.4 percent to 1.132 million tonnes
Domestic iron ore sales fell 0.3 percent to 4.029 million tonnes, while iron ore exports increased 8.6 percent to 41.820 million tonnes
Assessing the contribution of various CSN sectors to 2025 EBITDA, mining accounted for 53.5 percent, manufacturing steel 18.6 percent, logistics 16.4 percent, cement 10.9 percent and energy 2.2 percent, with internal exclusions excluded from these calculations.
As a result of the deteriorating condition of CSN's Volta Redonda steel plant located in the state of Rio de Janeiro, including an idled blast furnace, it is appropriate to classify the company as an iron ore producer from a financial perspective. in the long term, and not as a steel producer.
USD = 5.20 Brazilian reais (March 12)
